In this analytical note we explore the term structure of bank lending broken down by group of banks. We look into two lending booms in Russia: in corporate lending in 2005-2007 and unsecured consumer lending in 2011-2013. The purpose of this paper is to examine the changes in the risk profile of new loans on banks’ balance sheets as a boom matures, and to draw important lessons for the mortgage market as a relatively new market for Russia.